ZIRP and QE were terrible mistakes

With US Treasury bills yielding little or nothing and government bond yields plunging everywhere as central banks creep towards a Japanese-style zero interest rate policy (Zirp), there is talk of a government bond bubble. But is it possible to have a bubble in the most boring form of IOU?

John Plender, Financial Times, January 7, 2009

http://www.internetional.se/bondsnext.htm#plender0901

Monetary policymakers have run out of room to fight the next crisis 
with interest rates unable to go lower, the BIS warns
Telegraph 28 June 2015

http://www.internetional.se/hedgefunds.htm#hellesta


ZIRP and QE were terrible mistakes.

More soon.